Seeing eSports in your pay per head sportsbook is quite recent. However, it is fast becoming one of the most popular sports in wagering. With a large variety of games and tournaments to join in, eSports is becoming a worldwide phenomenon that the sports betting world is keen to earn from. And further solidifying its popularity is the latest announcement from the Saudi Arabian Prime Minister that they will be hosting an annual eSports World Cup.
Crown Prince and Prime Minister of Saudi Arabia, Mohammed bin Salman bin Abdulaziz, has revealed plans for an annual Esports World Cup. This is set to take place in Riyadh, Saudi Arabia. The tournament will take place in the summer of 2024. Additionally, they are to offer one of the most generous prize pools in the history of esports, although the exact figure remains undisclosed.
The Esports World Cup Foundation, a recently established government-backed nonprofit organization, will oversee the event.
New Annual eSports World Cup
The Esports World Cup will replace Gamers8, the existing $45 million esports festival in Riyadh organized by the Saudi Esports Federation. While we are all still in the dark on the specific game titles, it will surely cover the most popular games internationally. You have enough time between the tournament and when you learn how to open a sportsbook to get to know the most popular eSports titles.
Crown Prince Mohammed bin Salman states that the event’s aim is to expedite the National Gaming and Esports Strategy. This is a plan for advancing Saudi Arabia’s esports industry. This strategy comes from the Crown Prince back in September 2022.
During the Esports World Cup, they plan to offer a diverse range of activities as well as similar events. This is to attract visitors and tourists to Riyadh. The indoor tournament is positioned as a significant draw to boost Saudi tourism during the summer. This will help in offsetting the seasonal decline in tourism-related spending. The dip in tourism is largely due to the country’s high summer temperatures. Of course, using sports betting software is quite convenient. So you can participate in a lot of betting activities- eSports and more, from the comforts of your own home.